Staff Picks - October 2022
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
The details of the withdrawal will reportedly be part of upcoming court filings, and it’s possible the founder and former CEO of the crypto platform could be forced to pay it back.
Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was
The Hong Kong-based group documented its reproduction of the hack on its tech and security-oriented blog, seeking insights into Web3’s attack surface spectrum..
DeFi needs appropriate regulation before moving to retail, says Fed Chair: Finance Redefined
Majority of the top 100 DeFi tokens had a mixed week, with several tokens trading in green on weekly charts, with the total value locked seeing a minor increase of $4 billion.
SWIFT partners with Chainlink for cross-chain crypto transfer project
The project will connect SWIFT’s network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on one network.
3 Aussie crypto funds halted as regulator cites noncompliance
Three funds tracking Bitcoin, Ether and FileCoin have been issued interim stop orders by Australia’s market regulator due to “non-compliant” target market determinations.
UK Wants to Make It Easier to Seize Crypto in Terrorism Cases
The government wants to mirror planned changes to the Economic Crime and Transparency bill to enable authorities to swiftly seize crypto assets linked to terrorist activities.
How to Tell if a Crypto Project Is a Scam
According to the Federal Trade Commission (FTC) crypto scams have cost people more than $1 billion since 2021.
Portugal's Draft Budget Includes New Crypto Taxes
The suggested changes include imposing a 28% short-term capital gains tax on crypto profits and taxing mining and staking gains as ordinary income.
Polkadot hits all-time high in development activity
It's been almost one year since the start of the ecosystem's signature parachain auctions.
Interpol reportedly creates dedicated unit to fight crypto crimes
Law enforcement agencies are “very often” not properly trained or equipped to track crypto crimes, Interpol secretary general Jürgen Stock said.
Ripple’s lead engineer to exit after nearly a decade with the firm
Nik Bougalis primarily worked on open-source code projects for the payments-focused XRP Ledger, with the recent push to introduce NFTs being a key implementation of note.
Two US Men Sentenced for Stealing Crypto Using 'SIM Swapping'
The duo targeted "at least 10 identified victims" stealing "approximately $330,000 in cryptocurrency."
Crypto Volatility Has Disappeared. Does That Mean the Bottom Is In?
Low trading volumes and macroeconomic uncertainty have quashed volatility in the crypto market—but that might not necessarily be such a bad thing.
Voyager customers could recover 72% of frozen crypto under FTX deal
The plan is tentative at this stage and won’t be finalized until it receives approval from Voyager’s creditors and the bankruptcy payout plan is approved by the judge.